Gold drops to 1,750.00

Source: Dukascopy Bank SA


After making four attempts to pass the resistance of the 200-hour simple moving average and even piercing it during the Federal Reserve caused volatility, on Thursday, the yellow metal's price plummeted to the 1,750.00 mark.

In the case of the metal's price passing the 1,750.00 level, the commodity could look for support in the September 18 low level at 1,742.50.

Meanwhile, a potential recovery of the metal could find resistance in the 100-hour simple moving average at 1,765.00, 55-hour SMA at 1,771.30 and the 200-hour SMA at 1,776.35.
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Fri, 24 Sep 2021 04:44:14 GMT

EUR/JPY bullish momentum likely to continue

Upside risks pressured the EUR/JPY currency pair higher on Thursday. As a result, the common European currency surged by 121 pips or 0.94% against the Japanese Yen during Thursday's trading session.

Thu, 23 Sep 2021 13:50:01 GMT

USD/JPY recovery reaches above 110.00

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